Manganese Ore Market: UMK raised offers of South African mixed carbonate manganese ore to Chinese buyers for shipment in December by USD 0.1/mtu to USD 4.55/mtu. There is little chance that other overseas suppliers will cut offers. Quotations in China’s northern ports remained firm, while those in southern ports showed signs of falling.

Manganese Alloy Market: Silicomanganese alloy producers are now holding a wait-and-see stance amid ongoing bid invitation by steel mills for November delivery. Four steel producers have issued bids to buy silicomanganese alloy ahead of schedule, implying that steel producers are now in bad need of raw materials. This has led alloy producers to believe that silicomanganese alloy prices will spike by at least RMB 100/mt in November.

Transactions:In northern ports, some manganese ore from Gabon was traded. In southern ports, a small quantity of Brazilian manganese ore was sold.

Manganese Ore Market: UMK raised offers of South African mixed carbonate manganese ore to Chinese buyers for shipment in December by USD 0.1/mtu to USD 4.55/mtu. There is little chance that other overseas suppliers will cut offers. Quotations in China’s northern ports remained firm, while those in southern ports showed signs of falling.

Manganese Alloy Market: Silicomanganese alloy producers are now holding a wait-and-see stance amid ongoing bid invitation by steel mills for November delivery. Four steel producers have issued bids to buy silicomanganese alloy ahead of schedule, implying that steel producers are now in bad need of raw materials. This has led alloy producers to believe that silicomanganese alloy prices will spike by at least RMB 100/mt in November.

Transactions:In northern ports, some manganese ore from Gabon was traded. In southern ports, a small quantity of Brazilian manganese ore was sold.